Raghuram Rajan warns against fiscal deficit driven growth
Rajan said that macroeconomic stability during the global turmoil cannot be risked and the government and RBI should continue to bring down inflation.
Jan 29, 2016, 23:15 PM IST
Govt may miss fiscal deficit target again, gap seen at 4.1%: Ind-Ra
The lower GDP growth is likely to result in the government breaching the FY16 fiscal deficit target of 3.9 percent by 0.20 percent, domestic rating agency India Ratings said Tuesday.
Jan 19, 2016, 17:46 PM IST
Indian economy to more than double to $5 trillion in 10 years
The size of the Indian economy will more than double to USD 5 trillion if 7 percent growth rate is sustained for next 10 years, Minister of State for Finance Jayant Sinha said Saturday.
Dec 19, 2015, 18:09 PM IST
Govt will cut rates on small savings cautiously: FM Jaitley
Government will cut interest rate on small savings "cautiously" so as to protect vulnerable sections like retired employees, Finance Minister Arun Jaitley said Friday while expressing confidence that 7th Pay Commission report will not upset the fiscal deficit targets.
Dec 04, 2015, 17:47 PM IST
Meeting FY17 fiscal deficit target of 3.5% a challenge: Citi
The central government's target to bring down fiscal deficit to 3.5 percent in 2016-17 is likely to become even more challenging, considering the rise in wage expenditure, a Citigroup report says.
Nov 20, 2015, 15:36 PM IST
Fiscal deficit to reduce to 3.7% of GDP by FY18: Deutsche Bank
Though two major thrusts like fuel subsidy reduction and capital expenditure compression have driven fiscal consolidation in recent years, hardly any progress has been made in improving revenue collection.
Nov 10, 2015, 16:32 PM IST
Will adhere to fiscal deficit target to contain inflation: CEA
Welcoming RBI's decision to slash key interest rate by 0.50 percent, Chief Economic Advisor Arvind Subramanian on Tuesday said the government is committed to contribute its share by adhering to its fiscal deficit target so that inflationary pressures remain under control.
Sep 29, 2015, 18:50 PM IST
Government to adhere to FY16 fiscal deficit target: StanChart
Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.
Sep 08, 2015, 13:51 PM IST
Indian Oil stake sale floor price set at Rs 387 a share
The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at Rs 387 each, the company said, a two percent discount from Friday`s close.
Aug 22, 2015, 18:35 PM IST
We inherited derailed passenger train: Jayant Sinha on economy
Jayant Sinha also expressed confidence that the Indian economy would continue to grow at 7-9 percent and double in size to USD 4-5 trillion in a decade.
Jun 13, 2015, 21:38 PM IST
Spectrum auction proceeds to help plug fiscal deficit: Moody's
The fiscal deficit target for 2014-2015 is pegged at 4.1 percent of GDP and for the next fiscal at 3.9 percent.
Mar 26, 2015, 17:24 PM IST
Manufacturing sector still a challenge: FM Jaitley
Finance Minister Arun Jaitley on Wednesday said manufacturing sector is still a challenge and we have to invent the engine of growth.
Mar 25, 2015, 17:02 PM IST
Govt to borrow Rs 3.6 lakh crore in first half of 2015-16
The Union government will borrow Rs 3.6 lakh crore from markets in the first half of the next financial year, which is over 50 percent of the annual target of Rs 6 lakh crore.
Mar 23, 2015, 19:31 PM IST
Finance Commission for 3.6% fiscal deficit in FY16; 3% in following years
The 14th Finance Commission on Tuesday suggested a fiscal deficit target of 3.6 percent of GDP in 2015-16 and 3 percent in the subsequent years on the back of likely pick-up in economic growth.
Feb 24, 2015, 20:15 PM IST
'GDP forecast not in sync with tax collection, credit growth'
Raising questions about the new methodology pushing up the GDP forecast to 7.4 percent for the current fiscal, economists have said it is not in sync with key parameters such as tax collections and credit growth.
Feb 10, 2015, 18:09 PM IST
Govt nets Rs 22,557 crore from CIL stake sale; LIC biggest buyer
In the biggest-ever disinvestment, the 10 percent stake sale in Coal India on Friday fetched the government Rs 22,557.3 crore in a bumper sale where state-run LIC alone picked up nearly one-third of the public offer.
Jan 30, 2015, 21:52 PM IST
Fiscal deficit overshoots budget target
India's fiscal deficit overshot the budget estimate of Rs 5.31 lakh crore by December-end and may prompt the government to take tough steps in the remaining part of 2014-15 to restrict it to 4.1 percent of GDP.
Jan 30, 2015, 19:22 PM IST
Base year change pushes GDP growth to 6.9% in 2013-14
The economic growth rate was Friday revised upwards to 6.9 percent for 2013-14, as against 4.7 percent estimated earlier, after the government updated the base year for measuring national accounts.
Jan 30, 2015, 19:05 PM IST
Base year for GDP revised; new base will be 2011-12
A new series of national accounts with 2011-12 as base year for computing economic growth rate has been released Friday, which may provide some cushion to government struggling to meet fiscal deficit target.
Jan 30, 2015, 17:59 PM IST
Farm sector reforms key to reducing fiscal deficit: Moody's
Improvement in India's sovereign rating will depend on the government's ability to pursue farm sector reforms as they have a bearing on inflation and fiscal deficit, Moody's said on Thursday.
Jan 29, 2015, 22:57 PM IST
